TheRealReal (REAL) executive compensation, 2026 proxy

Rati Sahi Levesque, President and Chief Executive Officer, was paid $2.1M in 2025, down 82% from $11.5M the year before. The CEO-to-median-employee pay ratio was 39:1, on median employee pay of $54,554.

Filed
April 27, 2026
Annual meeting
June 10, 2026
Pay year
2025
Named executives
5
CEO total pay
$2.1M-82% vs prior year
CEO to median employee
39:1median $54,554
Prior say-on-pay support
94%of votes cast
Gross Merchandise Value
$2B+16% year-over-year increase
Adjusted EBITDA
$42MImproved by $33 million
Say-on-Pay Support
94%Advisory vote support

How Levesque was paid

$2.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary33%Non-equity incentive66%All other compensation1%

Named executive officers

ExecutiveTotal
Rati Sahi LevesquePresident and Chief Executive Officer$2,117,607
Ajay GopalChief Financial Officer$3,525,803
Todd SukoChief Legal Officer and Secretary$2,565,006
Luke FriangChief Technology and Product Officer$1,740,443
Chatelle LynchChief People Officer$2,695,776

What changed and why

  • $2.1MCEO Rati Sahi Levesque received total compensation of $2,117,607 in 2025, compared to $11,496,401 in 2024.
  • $33MAdjusted EBITDA increased by $33 million to $42 million for the full year 2025.
  • $2BGross merchandise value surpassed $2 billion, representing a 16% year-over-year increase.
  • 94%Say-on-pay received approximately 94% support from investors during the previous advisory vote.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.